The price has bounced perfectly off our support and has made a bullish exit. We remain bullish above major support at 0.6992 (Fibonacci retracement, horizontal support, Fibonacci extension) for a push up to the 0.7091 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) has made a similar bullish exit signalling the price is going to rise alongside Stochastic as it has good upside potential.
Buy above 0.6992. Stop loss at 0.6955. Take profit at 0.7091.
from www.instaforex.com https://www.instaforex.com/forex_analysis/90131/?x=BPDZ
